Millennials go-getters for tech jobs
As demand outstrips supply when it comes to IT talent, particularly in healthcare, it seems that those oft-maligned Millennials are eager to help -- even if it means a move. And they're not in it for the money. (Well, not only the money.)
This is according to a new survey conducted by Wakefield Research for Progressive Insurance. The survey, released at the end of August, reveals that 81 percent of Millennials interested in a new job in IT – many of them interested in the healthcare sector – would accept a less attractive compensation package to do work they were passionate about.
The survey also revealed that 82 percent of Millennials interested in IT are willing to relocate for a job they're interested in, and on average, they would be willing to move more than 600 miles.
[See also: Millennials fancy healthcare, tech jobs.]
"With nearly 3,500 tech positions at Progressive, it's important for us to invest in what makes this demographic tick to ensure we're poised for attracting the top talent," Lynley Williams, recruiting director for Progressive Insurance, said in a news release.
"By and large what we found is that Millennials interested in IT want a job that allows them flexibility and growth opportunities, and which inspires them," she said. "The great thing is, we're already there. Some of the things our tech employees tell us they like best about Progressive are our college campus-like atmosphere; our risk, learn and grow culture; and our dedication to continuous innovation – one example of that is the Business Innovation Garage we opened on-campus this year."
Respondents said they would prefer flexibility over a salary increase, with nearly three in five (58 percent) reporting they would rather have a more flexible work arrangement – such as working remotely – than a job that pays 20 percent more.
Also, 70 percent reported they are not satisfied with growth opportunities at their current job and are not afraid to move on quickly.
In fact, nearly one in five would consider applying for a different job a month or less after starting a new job, with a total of 59 percent considering applying elsewhere within six months. On average, respondents said they visit online job boards or company career pages six times per week and receive an average of six messages from recruiters.
[See also: Millennials want personal health records on the go.]
Other key findings from the survey include:
- Opportunities abound in IT. More than two in five respondents, 42 percent in fact, indicated the insurance industry offers excellent opportunities in IT, following finance and banking at 61 percent and healthcare at 47 percent, respectively.
- Millennials are more idealistic than their parents when it comes to their jobs. 87 percent of respondents indicate they are more prepared to make an immediate difference at a new job than their parents' generation.
The survey was conducted among 1,000 U.S. adult Millennials interested in IT jobs between June 17 and June 22, 2015, using an email invitation and an online survey.